RDM Security Systems Ltd (07216584): administration
- Status
- Administration ended
- Administration began
- 2011-06-29
- Administrators
- Matthew Douglas Hardy, Martin T Coyne
- Administrators' firm
- Quantuma
- Incorporated
- 2010-04-08
- Location
- Birmingham
- Industry
- 7487
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Company was incorporated on gh April 2010 The principal activity of the Company was that of the monitoring, maintenance and servicing of security systems in both the commercial and domestic market in Birmingham The Company trades from premises located in the Jewellery Quarter of Hockley, Birmingham
i was first introduced to Mr Eamon Gaughan, a Director of Jeeg Global Limited (“Jeeg”), the holder of a Qualifying Floating Charge, and a former Director of the Company, in a meeting held on 26" April 2011 Also in that meeting were the Company Directors, accountants and legal advisors
At the meeting, it was established that the Company had a potentially serious problem arising from a court action commenced by a “competitor” company The action related to the alleged use of confidential information by the Company, which the competitor claimed had been removed by a former Director who had left the employment of the competitor to join the Company The Court had made various Orders including an injunction to prevent the use of this information The Director concerned had since left the Company although the action was continuing The meeting explored the options available to both the Charge Holder and Directors should the ongoing defence of the proceedings prove to be unsuccessful
Administrators' statement of proposals (2011-08-26) · Companies House register